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Our pivot point is at 10.6200.
Our preference
The upside prevails as long as 10.6200 is support.
Alternative scenario
The downside breakout of 10.6200 would call for 10.4040 and 10.2760.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.6205 and 10.5673).
Supports and resistances
11.4630 **
11.3350 *
11.2060 **
11.0780
10.8038 last
10.7040
10.6200 **
10.4040 *
10.2760 **
Number of asterisks represents the strength of support and resistance levels.
